One of Britain's most influential MPs says triggering Article 50 should be delayed for another year

Andrew
Tyrie MP is the head of the Treasury Select
Committee.Parliament
TV

Britain's prime minister Theresa May should delay triggering
Article 50 until autumn 2017, if the nation has not secured
a "good deal of clarity from its negotiating partners that
they are in a position to agree reasonable terms," one of the
UK's most powerful politicians said.

Andrew Tyrie said in a
paper written for the think tank Open Europe that Britain's
government should "continue to restrain itself from
pressing the trigger" on Article 50 until EU officials have given
evidence that they are ready to talk about a viable exit
plan.

Tyrie is one of Britain's most powerful politicians as an
MP for Chichester, chairman of the House of Commons
Treasury Select Committee, and former Chairman of the
Parliamentary Commission on Banking Standards.

When a nation triggers Article 50, it gives that country
two years to negotiate its exit from the 28-nation bloc.

On June 23, Britain voted to leave the EU. May has repeatedly
said "Brexit
means Brexit," since becoming PM, even though she was on the
side of remaining in the EU during the campaign process.

However,
May has so far delayed triggering Article 50, and
critics such as Barclays analysts say this will make a UK
recession worse. Meanwhile, EU officials have also
said that negotiations will not begin until Article 50 is
triggered.

Tyrie added in the paper that "the
government does not need to trigger Article 50 prematurely to
prove its intent," and that it may be wise to delay this moment
until after the French and German elections next
year.

"A settled relationship with the EU will not be found
within the two years specified under Article 50. As such,
transitional arrangements may well be required to prevent a
sudden reversion to WTO rules," he said.